Hoosier Energy to Purchase Power from Proposed Knox Co. Solar Field

Hoosier Energy announced Tuesday it has entered into a long-term power purchase agreement with the proposed 150-megawatt Ratts 2 Solar Project in Knox County.

Developers continue work to finalize engineering and permitting for the project.

It’s hoped construction can begin in 2022 and commercial operation in 2023.

Backers say the agreement means that Hoosier Energy is joining Capital Dynamics, Arevon and Tenaska in making a commitment to the project and the jobs, tax revenue, landowner lease payments and wide range of additional economic benefits it will bring to Knox County, including $2.5 million in economic development payments.